minute closer to one point five one could save even two incomes a thoughtful one dollar spending to even only baynton all on tax cuts of all on the universal basic income more than one goes back into the economy and because of these very important to to g.d.p. ratio is already more than one even a one to why increase in basic to a beat eight. ratio just out this is how the math work at it again is not what you see even higher than that this will be an improvement east much more substantial investors are already selling italian debt borrowing is already getting more expensive do you think. do you think your government is doing a good job there or all all in all to make the difficult for yourself right now. you know all this short term and maybe a big circle into because the market as we said they need to days to digest the
members ahead of a vote on their version of the tax bill. the first gop senator is opposing the plan jeopardizing plans to pass it by the end of the year. senate republicans can only lose two votes and senator ron johnson says he won t vote for it. it gives corporations a bet er deal. that prompted president trump to give him a call. he s not entirely wrong. most tax cuts expire in eight years. and the rate used by small and medium size the businesses. t the corporate rate is permanent. you ve got to make the math work. it can t add more and still pass with a simple majority. that s why the senate bill repeals the obamacare mandate. 13 million fewer americans will be insured and not paying for those people saves the government $338 billion. it also means premium hikes.
all these plans? reporter: well, it s a little bit of both. first and foremost, it is a financial move to make the math work if you are a republican. it will give you an extra $300 plus billion to work with. you can make the package of tax cuts more appealing on the corporate side or on the individual side. it just gives them a lot of leeway when it comes to the math. but also politically. there s no doubt, this is charged up in both parties bases. i have been talking to senators and aides since the news broke yesterday afternoon. republicans are glad they can get another crack at this and hope to get this done in a bill that will be a little bit more popular and less controversial with members of their own party. but democrats are furious. they feel like this is sort of a last-minute change. they think it is outrageous and very much driven both parties back to their corners. here s mark warner on the finance committee just a second ago. i think it shows a fact that they didn t ha
curveball hurts with a lot of democrats, what does it do, brings the deficit number down. they are trying to get it through with a simple 50 vote, and this helps with that. it would raise average premiums by 10% which could wipe out any tax savings. 13 million fewer insured over ten years. i keep saying it s a gamble, it s a gamble, it s a proposition. what is the proposition? it s math and votes. if you make the math work that s important, to do it on a party line vote and do you have the votes? there s a lot of republican conservatives that do not like the mandate, and they can reduce the deficit and that becomes important. the gamble pieces, you could also lose republican votes. collins, murkowski, and alabama. there s not much room to maneuver. and then you pick a fight the
the senate does. that leads to, i think, the biggest sticking point, corporate tax cut and when it goes into effect. the president has been very clear he wants it to happen right away. conservatives in the house want it to happen right away. republicans in the senate have to find or pay for some other way to make up the difference in the money if they want to start it in 2018 instead of 2019, the current plan and when they get it figured out have to make sure the lawmakers from high taxed states are onboard with the state and local tax deductions. what would allow you to support this piece of legislation? the only way it could even be considered would be if the full property tax deduction was restored, and if the state income tax is restored. other than that, this is going to be a tax increase on my constituents. reporter: ali, hard to do those things and make the math